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Off market
  • $566,600

    11500 Coastal Hwy Unit 1516, Ocean City, MD 21842

    2beds
    988sqft
    Condo
    Built in 1975
    -- sqft lot
    $566,600 Zestimate®
    $573/sqft
    $1,962 Estimated rent

    Home value

    $566,600

    $527,000 - $612,000

    $1,962/mo

    Zestimate® history
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    What's special

    South side 2 bedroom/2 bath and den condo has great ocean and bay views from the living room and master bedroom. Balcony offers panoramic views of the of sun rises on the ocean, looking south to the city and beautiful sun sets across the bay. Newer laminate flooring in the living room and both bedrooms. Tile flooring in the den and kitchen. New king size bed in the master bedroom, twin beds in the second bedroom and den. The kitchen and both baths were remodeled in 2018. A new HVAC was installed the year before. There is also a private laundry room with full size washer and dryer and additional storage space for all your beach chairs, umbrella, boogie boards, etc. Sea Watch has some of the best amenities on the beach. There is an indoor heated pool, an outdoor pool with lots of seating area and a separate fish shaped toddler pool. There are tennis & basketball courts, playground for the little ones, his and her saunas, exercise room, very large game room and an in house movie theater during the summer. Sea Watch also has it's own in house maintenance staff to help you take care of any problems that might occur. Plenty of parking available in the covered parking garage. Owners have owned and rented privately this unit for the last 20 years. Yearly the rental income has exceeded $20,000. In 2019 the rental income was over $25,000. So far for 2020 the condo is rented from 7/4 to 8/8 weekly Saturday to Saturday. the rental income is now $8,000. Buyers must honor 2020 with a signed addendum. New buyers will be credited rental income if purchased prior to rentals. This is a great value if you are looking for an ocean front condo for either your personal use or rental property. Make sure to put this one on your list.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced air
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    Features
    • Elevator, Kitchen Island, Open Floorplan, Entry Level Bedroom, Combination Dining/Living, Breakfast Area, Stall Shower, Flat, Master Bedroom - Ocean Front, Tub Shower
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 988 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Accessibility
    • Accessibility features: Accessible Elevator Installed, Level Entry - Main
    Features
    • Pool features: In Ground, Heated, Indoor, Community
    • On waterfront: Yes
    Details
    • Parcel number: 10140366
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Contemporary, Coastal
    Condition
    • Year built: 1975

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $300 monthly
    Location
    • Region: Ocean City
    • Municipality: Ocean City

    Financial & listing details

    • Price per square foot: $573/sqft
    • Tax assessed value: $472,067
    • Annual tax amount: $6,465
    • Total actual rent: 25000

    Price history

    DateEventPrice
    1/14/2022Sold$501,500-0.7%$508/sqft
    Source: Bright MLS #MDWO2004082 Report a problem
    12/13/2021Contingent$505,000$511/sqft
    Source: Bright MLS #MDWO2004082 Report a problem
    12/9/2021Listed for sale$505,000+38.4%$511/sqft
    Source: Bright MLS #MDWO2004082 Report a problem
    7/24/2020Sold$365,000-3.9%$369/sqft
    Source: Public Record Report a problem
    6/15/2020Pending sale$379,900$385/sqft
    Source: RE/MAX Advantage Realty #MDWO112990 Report a problem
    5/1/2020Listed for sale$379,900$385/sqft
    Source: Re/Max Advantage Realty #MDWO112990 Report a problem
    12/30/2019Listing removed$379,900$385/sqft
    Source: Re/Max Advantage Realty #MDWO109262 Report a problem
    11/8/2019Price change$379,900-1.3%$385/sqft
    Source: Re/Max Advantage Realty #MDWO109262 Report a problem
    10/10/2019Price change$384,900-1.3%$390/sqft
    Source: Re/Max Advantage Realty #MDWO109262 Report a problem
    9/20/2019Listed for sale$389,900+132.1%$395/sqft
    Source: Re/Max Advantage Realty #MDWO109262 Report a problem
    3/13/2018Listing removed$1,995$2/sqft
    Source: Owner Report a problem
    3/9/2018Listed for rent$1,995$2/sqft
    Source: Owner Report a problem
    4/6/2000Sold$168,000$170/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,465 +14.8%$472,067 +17.3%
    2024$5,634 +20%$402,533 +20.9%
    2023$4,694 +2.5%$333,000
    2022$4,581 +2.3%$333,000 +5%
    2021$4,479 +2.6%$317,000 +2.6%
    2020$4,366 +0.7%$309,000
    2019$4,337 +2.1%$309,000 +2.8%
    2018$4,247 +1.4%$300,667 +1.4%
    2017$4,187 -17.1%$296,500 +2.5%
    2016$5,051 $289,400 +2.5%
    2015$5,051 $282,300 +2.6%
    2014$5,051 $275,200
    2013-- $275,200
    2012-- $275,200 -34.6%
    2011-- $420,910
    2010-- $420,910
    2009-- $420,910 -10.4%
    2008-- $469,750 +17.8%
    2007-- $398,710 +21.7%
    2006-- $327,670 +27.7%
    2005-- $256,630 +19.7%
    2004-- $214,420 +24.5%
    2003-- $172,210 +32.5%
    2002-- $130,000 +3.7%
    2001-- $125,332
    Find assessor info on the county website

    Neighborhood: North Ocean City

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: OCEAN CITY
    • High: STEPHEN DECATUR
    • District: WORCESTER COUNTY PUBLIC SCHOOLS

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $566,600
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    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $566,600
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    +$11,332
    With Zillow Showcase(estimated)
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